PAYMENT SOLUTIONS
“CLOUD-BASED INFRASTRUCTURE MAKES COMPLIANCE REPORTING LESS TIME CONSUMING ”
SÉBASTIEN MAROTTE PRESIDENT EMEA ,
BOX continue to evolve to support end-to-end visibility of potential red flags and combat financial crime .
“ To deal with this , solid KYC and digital identification procedures must be backed up by comprehensive strategies and organisational understanding of financial protection systems . SaaS platforms are already driving progress in this field ; these platforms are built on the concept that change is constant , thus they can swiftly bend and adapt to changes in attackers ' approaches to aid in their detection ,” she says .
The future of banking technologies Most experts agree that in an industry undergoing constant change , it ’ s difficult to say exactly what banking will look like over the next five years , let alone decade .
But Covaliu believes that agility and flexibility will be critical . “ It ’ s clear that demand for financial products outside of traditional ecosystems has changed both where and how consumers engage with financial services . Customers no longer want to be tied to a single bank or financial institution ; they want to access products and services anytime and anywhere – with mobile and digital-only options a must . This extends to security and compliance , too ; they want their financial information to be safe and secure , but not in a way